PAUL KRUGMAN: Left Behind Economics
14 Jul 2006 17:05 GMT
Paul Krugman reviews the implications of data from 2004 on the distribution of income that have just become available. The Piketty and Saez study referenced below, shows that recent trends towards more concentrated income continued between 2003 and 2004 and there is reason to believe the trend towards more concentration will persist into the future unless there are changes in policy.
Left Behind Economics
By PAUL KRUGMAN
Published: July 14, 2006
In short, it’s a great economy if you’re a high-level corporate executive or someone who owns a lot of stock. For most other Americans, economic growth is a spectator sport.
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